This page reflects T options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — T
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $21.50 (0.92 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$21.50
Nearest expiry
Expected Move
±$0.48
±2.3%
Days to Expiry
8
Calendar days
Total Call OI
14,925
Nearest expiry
Total Put OI
12,041
Nearest expiry
P/C OI Ratio
0.81
Put-heavy
Spot Price
$20.58
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$22.50
6/26/2026, 11:28:35 PM
2026-07-02
$20.50
7/2/2026, 11:31:51 PM
2026-07-10NextUpdated
$21.50
7/3/2026, 11:29:52 PM
2026-07-17
$24.00
7/3/2026, 11:29:52 PM
2026-07-24
$22.00
7/3/2026, 11:29:52 PM
2026-07-31
$21.00
7/3/2026, 11:29:52 PM
2026-08-07
$21.00
7/3/2026, 11:29:52 PM
2026-08-21
$23.00
7/3/2026, 11:29:52 PM
2026-09-18
$25.00
7/3/2026, 11:29:52 PM
2026-10-16
$24.00
7/3/2026, 11:29:52 PM
2026-12-18
$25.00
7/3/2026, 11:29:52 PM
2027-01-15
$25.00
7/3/2026, 11:29:52 PM
2027-03-19
$23.00
7/3/2026, 11:29:52 PM
2027-06-17
$25.00
7/3/2026, 11:29:52 PM
Selected expiration: 2026-07-10 at max pain $21.50.
T pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
13
0
10483950
10483950
14
600
9280950
9281550
15
5100
8078450
8083550
16
13100
6876250
6889350
17
22200
5674250
5696450
18
32600
4474550
4507150
19
90300
3279550
3369850
20
155200
2253050
2408250
20.5
215850
1792350
2008200
21
276500
1366400
1642900
21.5
488800
1040900
1529700
22
833200
738900
1572100
22.5
1252350
534600
1786950
23
1716250
370450
2086700
23.5
2305850
293300
2599150
24
2948650
217650
3166300
24.5
3629850
163650
3793500
25
4312250
109800
4422050
25.5
5017050
87800
5104850
26
5724450
71800
5796250
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.